Warren Buffett's Chinese Cars Will Start Killing US Auto Industry This Year!

[Christians4LessGvt]

Warren Buffett's Chinese Cars Will Start Killing
The US Auto Industry As Soon As This Year

By Vincent Fernando | Jan. 13, 2010



BYD, the upstart Chinese electric car maker Warren Buffett famously has an investment in, is planning enter the U.S. market as soon as the second half of this year.

Considering the U.S. market entrance by multiple new auto players (from Chinese firms BYD and Geely, to India's Tata and even U.S. upstart Tesla Motors) expect auto industry competition to get far more intense than it already is.

BYD just showed off their latest e6 model and while BYD chairman Wang Chuanfu was short on details, he hinted that BYD first target could be both U.S. companies' and the U.S. government's vehicle fleets:

WSJ: In China, where the e6 will first go on sale, BYD?which stands for Build Your Dreams expects to sell vehicles for city use by the government, utility companies or fleets of taxis, according to Mr. Wang. BYD expects it could be used similarly in the U.S., while a later, plug-in hybrid vehicle may be more appropriate for individual American consumers.

Previously, Mr. Wang had said the company planned to pick a specific region within the U.S. and initially market "a few hundred" e6s, priced at slightly more than $40,000, through a small number of dealers. He wouldn't say on Monday if the pricing plans remained the same.

Unlike some of its Chinese competitors, BYD doesn't plan to buy brands from global auto makers, Mr. Wang said. Zhejiang Geely Holding Group Company Ltd., for example, is in the midst of buying Ford Motor Co.'s Sweden-based Volvo brand.

http://www.businessinsider.com/warren-buffett-will-begin-killing-the-auto-industry-in-2010-with-his-chinese-electric-cars-2010-1

[BT]

If they build a good product, they will come.

[Kramer]

It will take years for me to have confidence in a Chinese car. Korea makes crap as far as I'm concerned. Of course I love Toyota.

[Xavier_Onassis]

Motor Trend, Automobile and Road & Track all think Hyundais are great cars at a great price, so I tend to think they sort of know more than you do.

It is never a good idea to buy any model of car the first year it comes on the market.

Toyotas are pretty good, but the Echo was seriously ugly.

[Kramer]

Motor Trend, Automobile and Road & Track all think Hyundais are great cars at a great price, so I tend to think they sort of know more than you do.

It is never a good idea to buy any model of car the first year it comes on the market.

Toyotas are pretty good, but the Echo was seriously ugly.

I know people that bought Hyundais that were crap. Hyundai might make a better car by now but it's too late they burned people and I know it and I think they make crap. I will never buy another GM car either. As far as Road & Track, or Consumers Reports are concerned I take them with a grain of salt as people are easily bribed. I prefer going to forums and reading what real people think about cars and other high-tech products, then I make my buyinjg decision. I do read CNET and Consumers though but only for comparison purposes. When I was shopping, in 05, for my new car I went to forums looking for info and found complaints about each car I looked at but then I came across the Prius Chat Forum and other Prius forums and could not find a single complaint. Every person was excited about their Prius and there were no unhappy customers. I promise you (I challenge you) if you go to a forum on Hyundai you will read many complaints. So stuff that into your pipe & smoke it Mr. Fucking-know-it-all!

[Christians4LessGvt]

Toyota/Lexus/Honda = Most Dependable